DFX Intelligence
Dragonfly Ventures IV, L.P.
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
2 additional placement agents
Every relationship, signal and contact on this record, with the source on each.
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What matters now
- $432Msold at the filing
Latest Form D filed on 30 Oct 2025: $432M sold of $650M offered, 59 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2024basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $650Mwhat may be sold, not what was raised; file 021-528448, sworn by the adviser or filed under this vehicle
- Form D sold
- $432Mas of the filing of Oct 30, 2025, 59 investors
- First sale
- Nov 2, 2024
- Reported GAV
- $710Mon the Form ADV filed Mar 31, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 88
- Reported on ADV
- unknown
Fundraising evidence
What counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.Active offering evidence
Form D filed or amended 2025-10-30: sold $431.7M of a stated $650.0M offering (fr-1)
evidence dated Oct 30, 2025.
Lifecycle
Fundraising
Lifecycle
Form D within 18 months and the offering is not sold out
first sale: Nov 2, 2024vintage year: 2024adv gav as of: Mar 31, 2026vintage basis: Form d first saleform d sold: $432Mform d offering: $650Mform d latest filed at: Oct 30, 2025
The fund's own reporting through time
1 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 31, 2026 | Venture Capital Fund | $710M | 88 | $5.0M | 8% |
Principals and agents
3 principals on Form D, 0 placement agents
- Dragonfly GP IV, LLC Promoter
- BO Feng Promoter
- Haseeb Ahmad Qureshi Promoter
Service providers
5 named on Form ADV Schedule D and Form D
- AuditorKPMG · GRAND CAYMAN, Cayman IslandsForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- AdministratorFormidium · DOWNERS GROVE, Illinois, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
- CustodianCOINBASE CUSTODY TRUST COMPANY, LLC · NEW YORK, New York, United StatesForm ADV filed Mar 31, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performance
Whose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocators
What these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
4 events
- Mar 31, 2026Dragonfly Ventures IV, L.P. first reported on Form ADV by Dragonfly Digital Management, LLC (Venture Capital Fund), GAV $709,785,271Fund first reported on Form ADV Inference Form ADV
- Oct 30, 2025Dragonfly Ventures IV, L.P. filed Form D/A: $431,700,000 sold of $650,000,000, Venture Capital FundForm D filed Fact Form D
- Nov 1, 2024Dragonfly Digital Management, LLC filed the first Form D for Dragonfly Ventures IV, L.P. (fund 4), its next fund after Dragonfly Ventures III, L.P. (vintage 2022); offering $650.0MFund next filed Inference
- Nov 1, 2024Dragonfly Ventures IV, L.P. filed Form D: no sales yet of $650,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
31 observations
Every observation on this vehicle
- Entity type: Other Oct 30, 2025 Fact Form D
- Entity type: Other Nov 1, 2024 Fact Form D
- Form D fund type: Venture Capital Fund Oct 30, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Nov 1, 2024 Fact Form D
- Form D industry group: Pooled Investment Fund Oct 30, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Nov 1, 2024 Fact Form D
- Amendment: true Oct 30, 2025 Fact Form D
- Amendment: false Nov 1, 2024 Fact Form D
- Revenue range (Form D): Decline to Disclose Oct 30, 2025 Fact Form D
- Revenue range (Form D): Decline to Disclose Nov 1, 2024 Fact Form D
- Incorporated: withinFiveYears Oct 30, 2025 Fact Form D
- Incorporated: withinFiveYears Nov 1, 2024 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Oct 30, 2025 Fact Form D
- Jurisdiction: CAYMAN ISLANDS Nov 1, 2024 Fact Form D
- Amount sold (Form D): $432M Oct 30, 2025 Fact Form D
- Amount sold (Form D): $0 Nov 1, 2024 Fact Form D
- Offering amount (Form D): $650M Oct 30, 2025 Fact Form D
- Offering amount (Form D): $650M Nov 1, 2024 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Oct 30, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Nov 1, 2024 Fact Form D
- First sale: 2024-11-02 Oct 30, 2025 Fact Form D
- Investors (Form D): 59 Oct 30, 2025 Fact Form D
- Investors (Form D): 0 Nov 1, 2024 Fact Form D
- Minimum investment (Form D): 0 Oct 30, 2025 Fact Form D
- Minimum investment (Form D): 0 Nov 1, 2024 Fact Form D
- Securities offered: pooled Oct 30, 2025 Fact Form D
- Securities offered: pooled Nov 1, 2024 Fact Form D
- Office address: Oct 30, 2025 Fact Form D
- Office address: Nov 1, 2024 Fact Form D
- Year of incorporation: 2023 Oct 30, 2025 Fact Form D
- Year of incorporation: 2023 Nov 1, 2024 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Dragonfly Ventures IV, L.P. is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
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Record history
3 dated events on the change ledger, latest event first
- Fund first reported on ADV2026-03-31source on record
- Form D filed2025-10-30source on record
- Form D filed2024-11-01source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.